Value Catalyst Fund Limited (The)
22 October 2007


The Value Catalyst Fund Limited ("VCF" or "the Company")

Dividend Declaration

Today, the Board of Directors of VCF declared a dividend of US$11.21 per
ordinary share in respect of the year ended 30 June 2007.

Announcement Date:      22 October 2007
Ex Date:                31 October 2007
Record Date:             2 November 2007
Scrip Elect:            23 November 2007
Payment Date:           30 November 2007

22 October 2007

Enquiries:

Azhic Basiov / Siobhan Sergeant
Smith & Williamson Corporate Finance Limited
Tel +44 (0)20 7131 4000




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